On Dec. 30, RUS CB updated accounting rules for credit institutions.
RUS CB issued regulation 810-P on the procedure for recording income, expenses and other aggregate income in accounting accounts by credit institutions.
Summary
The regulation establishes the updated procedure for credit institutions to record income expenses, and other comprehensive income in their accounting accounts.
This is due, among other things, to the fact that the Statement of Financial Results is included in the appendix to the Chart of Accounts for credit institutions.
Procedure for classifying income/expenses, procedure for their recognition in accounting, and specifics of reflection in of individual transactions are established.
Effectiveness
The regulation enters into force on Jan. 1, 2023.
Jun. 2024 Ordinance Issued
On Jul. 9, 2024, RUS CB issued ord 6736-U on amending regulation 810-P which enters into force on Jan. 1, 2025.
Regulators
RUS CB
Entity Types
Auditor; Bank
Reference
PR 7/9/2024; Ord 6736-U, 5/29/2024; PR 12/30/2022; Reg 810-P, 11/24/2022
